Eni S.p.A. (NYSE:E) Receives Average Rating of “Moderate Buy” from Analysts

Eni S.p.A. (NYSE:E) has been given an average recommendation of “Moderate Buy” by the four ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company.

A number of research firms have recently weighed in on E. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Morgan Stanley began coverage on ENI in a research note on Wednesday. They issued an “equal weight” rating on the stock. Finally, Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of the company. JFS Wealth Advisors LLC grew its holdings in shares of ENI by 102.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 669 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in ENI in the 1st quarter worth approximately $74,000. GAMMA Investing LLC increased its holdings in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after buying an additional 404 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of ENI in the 4th quarter worth $84,000. Finally, Barometer Capital Management Inc. purchased a new stake in shares of ENI during the 4th quarter valued at $119,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Stock Up 0.3 %

E stock opened at $31.26 on Wednesday. ENI has a 1-year low of $28.19 and a 1-year high of $34.30. The stock has a market cap of $52.77 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.73 and a beta of 0.96. The stock’s fifty day simple moving average is $31.25 and its two-hundred day simple moving average is $31.82. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). ENI had a return on equity of 12.57% and a net margin of 3.95%. The company had revenue of $25.16 billion during the quarter, compared to analysts’ expectations of $18.83 billion. Analysts expect that ENI will post 4.49 EPS for the current year.

ENI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Tuesday, September 24th will be given a $0.372 dividend. The ex-dividend date of this dividend is Tuesday, September 24th. This is a boost from ENI’s previous quarterly dividend of $0.35. This represents a $1.49 annualized dividend and a dividend yield of 4.76%. ENI’s payout ratio is 60.34%.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.